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The Ukrainian counteroffensive has duly started and, needless to say, there is a rush to judgment. It is going to play out over the coming weeks, even months, though, and at present we are still working off partial and often deceptive information. But, while there is relatively little one can say about the events unfolding on the battlefield, there is more to be said about the way they are being spun.
Sometimes it helps to have a banker as prime minister. They have plenty of faults. They can be dry, calculating, and they are typically far too rich to connect with ordinary people. But if they have one thing going for them it is this: they can spot free money when they see it. And Rishi Sunk has seized a chance for the UK to take a percentage of the unlimited cash that President Biden is spraying at American industry.
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